China-Austria ties at a glance

Walter Ruck, left, president of the Vienna Chamber of Commerce and Industry, shakes hands with Zhang Yongming, president of CCPIT Beijing, at a signing ceremony held in Beijing on Oct 23, 2017. [Photo provided to chinadaily.com.cn]

Austria's Vienna Chamber of Commerce and Industry signed a cooperation agreement with the China Council for the Promotion of International Trade Beijing subcouncil in Beijing on Oct 23.

The cooperation agreement, known as the Beijing Consensus, is formulated for members of the Belt and Road Alliance of Municipal Chambers of Commerce, a cooperation platform established by municipal chambers of commerce and organizations from countries involved in or interested in the Belt and Road Initiative.